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on capitol hill tomorrow morning, featuring hha secretary kathleen sebelius and the congressman who was chairing the committee that will be grilling sebelius is about to join us. don't let all the obama news cry out, we closed at a new all time high for the dow and another all time high for the s&p 500 t. ramally keeps rolling along. all those stories, much more coming up on "the kudlow report" beginning right now. now, before we get to obama care. we got to show you the markets, because it was a record day on wall street. kayla joins us with all the key details. goef. >> good evening, larry the dow closing at an all time high, if it feels like de ja vu, it is, a day with mixed economic data, the big catalyst hopes for more stimulus from the fed, a read on the economy will come tomorrow. the s&p 500 got in the game, hitting a new high today, it's been doing that nearly every day, it seems. finally the nasdaq nearing a 13-year high, larry the dow transports and russell 2,000 hits new high, we will do that to the market. back to you. >> there may be more of that easy money on the way,
for his health care plan. secretary secretary kathleen sebelius trying to get some answers about the disastrous obama care rollout. nbc news steve handelsman joins us. >> part of the parade of horribles as president obama calls it is millions of americans losing their health care and that's happening here on capitol hill, obama hhs secretary kathleen sebelius says blame insurance companies for millionses of americans getting lers and emails that they're getting dropped. republicans said president obama, with the help of kathleen sebelius, won reelection promising that if you like your health care coverage, if you like your insurance, if you like your doctor you can keep them. that, said a republican, amounts to political deception. >> millions of individuals who by listening to speeches like yours voted believe in one thing and now found themselves without coverage and are now scrambling to find coverage. >> no worry, said sebelius and the democrats here at the hearing on capitol hill today. anybody who is dropped can get obama care. >> so this notion that people are being turned
of a morning apology from health and human services secretary kathleen sebelius. >> let me say directly to these americans, you deserve better. i apologize. i'm accountable to you for fixing these problems. and i'm committed to earning your confidence back by fixing the site. >> up next, more on sebelius' congressional appearance. and the ceo of c-health who's offering to take over the mess at zero cost to taxpayers. >> after the bell, plenty of earnings brewing including starbucks. the coffee maker ceo howard schultz joins us to grind up the number. yeah, now i see why you gave this to me. we'll talk about the company's new twitter tie-in as well when howard schultz joins us coming up. you're watching cnbc, first in business worldwide. clients are always learning more to make their money do more. (ann) to help me plan my next move, i take scottrade's free, in-branch seminars... plus, their live webinars. i use daily market commentary to improve my strategy. and my local scottrade office guides my learning every step of the way. because they know i don't trade like everybody. i trade li
's troubled health care program, kathleen sebelius is expected to come under fire as she testifies before congress later today. >> announcer: you're watching "worldwide exchange," bringing you business news from around the globe. >>> a very good morning to you. if you've just joined us stateside, welcome to the start of your global trading day. we had the dow up 111 points yesterday. at the moment, futures suggesting it will go higher today. currently trading some 55 points above fair value. the nasdaq is 15 points above fair value and the s&p 500 had another record close yesterday is currently trading some 6.5 points above fair value. european equities are concerned, the ftse is 0.6% higher. xetra dax is up 0.4%. ibex is up 1% and has now exited recession. not by much, but we had some growth in the third quarter. and the cac 40 in paris is concernedly up 0.6%. all focusing on global investments today is on the fed as it wraps up its two-day meeting. the decision should come at 2:00 p.m. eastern. announcing last month that it wouldn't start tapering purchases just yet. this move comes ami
kathleen sebelius about to take the mic. in her prepared remarks she's says "the initial consumer experience of healthcare.gov have not lived up to the expectations. american people and are not acceptable. we are committed to fixing these problems as soon as possible. s&p up 13 of the past 15 sessions. we do have a fed decision this afternoon. even initial reviews of the apple ipad air. as we monitor the hearing this morning in washington, let's get to jim. first, broad markets, we've not had a run look we've had this month in a long time. whether you're larry fink or others, people asking serious questions about when in ends and how it ends. >> you keep thinking it should end and then general motors comes out with a quarter that says, hey, listen, we're back, too. you keep thinking it will end and then i sit back and listen to some of these conference calls and various industries. buffalo wild wings. you can say they're small potatoes but they're blowing the number away. gilead last night, a remarkable quarter. i keep getting stunned by the facts, even though the thesis should be
. this lady on the hot seat. congress questioning health and human services secretary kathleen sebelius. if you missed the hearing it's safe to say that this was not the secretary's best day. and among other things, we're looking at is how obama care could change your employer sponsored plan. we're getting new details today as annual enrollment season approaches for many of the plans. then, now i can move over here, there is sue, the it fed, decision time, one hour away and where does america stand on job creation? it's critical, obviously, to the fed and to the economy. adp number out this morning, not so great. let's check in with you at the nyse. >> you're absolutely right, and we will get to that but we want to start, ty, with the fireworks on capitol hill as kathleen sebelius goes before the house energy and commerce committee. bertha coombs is on the case on capitol hill. over to you, bertha. >> sue, the hearing lasting more than three and a half hours and members of congress usually a little more def ren shall to a cab meth member but they did hit secretary kathleen sebelius hard
breakdown continues. and health secretary kathleen sebelius still refuses to come clean about the inside causes and costs of the fiasco. all right. first, tonight, we now know that the obama administration is muzzling insurance companies, telling them to keep quiet about all the canceled policies and increased premiums. also, more democrats are starting to push back against the law. including senator mary landrieu who was working on a bill to allow americans to really keep their own health plans. and congressman darrell issa has subpoenaed secretary sebelius for the information regarding the botched healthcare.gov launch she so far declined to hand over voluntarily. all right. all those stories and more. on "the kudlow report" starting right now. this is just unbelievable. all right. now, we've got all this developing news here to analyze the whole story. we bring in bob lashevski. dr. scott gottlieb joins us, american enterprise resident fellow. and ovik roy, senior fellow at the manhattan institute. gentlemen, welcome. ovik, let yes just start with you. this is a quick one, but i want
a difference in rates. >> health and human services secretary kathleen sebelius took responsibility. is the secretary to blame here? >> no, i don't think so. again, i hate to say, i put a lot of blame on the shoulders of 34 governors who for two years tried to play politics and tried to trash obama care instead of getting with the game. we said we're going to step up and do right by our citizens. and since then we have focussed and shown what you can do. kathleen sebelius is very good to work for. >> there are several million people who are being notified that their private insurance policies will be cancelled at the end of the year because those policies do not comply with the law. they're getting their notices right now. so president obama has promised repeatedly, that if you like your plan, you can keep your plan. so what happens to all those people now that they realize they actually can't keep their plan? >> there's about 900,000 people who are going to get -- 600,000, before today, they would have been locked into their health plan, now they can pick between different health p
are act. i don't know if it's kathleen sebelius is totally at fault. she told congress to, quote, hold me accountable and how come you can't fall on your sword and quit this red-hot minute. even michael brown knew to resign from fema after he bofrped the federal government's handling of the katrina tragedy. we don't know if brownie really resign offed his own accord or was pushed out by president obama, but at least he vanished and that's not a bad idea for sebelius to mull over or act on it. i don't know if cgi group that powered the website knew what it was doing when it set up this ridiculous excuse for an interface between the government and its people. they want to blame verizon for a big portion of the failure. sebelius was implying that verizon's hosting abilities were less than stellar. verizon was thrown right under the bus. well done. i can can tell you how i would have understand thatteled this task and made the president proud. instead of giving the republicans all of the ammo they need to wipeout the program in 2014. it's ironic that this whole thing will fall apart on its ow
sebelius will testify before the house energy and commerce committee. that's coming at 9:00 eastern time. she's expected to be grilled about the problems with health care.gov and all the cancellation notices that have been going out to individuals who were previously told that they could keep their plan. you can watch complete coverage of her testimony on "squawk on the street". then this afternoon, president obama will defend his health care law. verizon said it was doing maintenance on the system. there was a similar halt on sunday. we'll have more on these stories in just a few minutes. >>> but first, the rest of today's agenda, earnings central will be hearing from general motors, nbc parent comcast, chrysler, corning and sodastream, all before the bell. this afternoon, we have visa, facebook, comcast, kraft foods and many others. on the economic front, the fed wraps up a two-day fomc meeting in washington. this is a policy announcement set tore 2:00 p.m. eastern today. the central bank is expected to maintain its massive bond buying campaign. fed watchers say ben bernanke and compan
people call for hhs secretary kathleen sebelius to step down over this, but i say it's way over time to hold president obama accountable. the buck stops there. he ought to show some back bone and not just blame his underlings. and there's talk about the fed using the inflation rate. we have alan greenspan to talk about that policy and talk about the current state of the economy. our other special guest will be former florida governor jeb bush. i'm going to ask him about the civil war in the republican party and how to solve it. all that and more on a special edition of "the kudlow report." we are live from washington, d.c. tonight and we begin right now. >>> good evening, everyone. i'm larry kudlow. this is "the kudlow report." we are live, 7:00 p.m. eastern, 4:00 p.m. pacific time. we are in washington, d.c. top stories, continuing failure that is obama care tops the news tonight. we begin with a breaking story from our colleagues at nbc news. four stories deeply involved in the crafting of the affordable care act tell nbc news that most of the 14 million americans that have their o
weeks before its launch. >> kathleen sebelius testifying in front of the energy and commerce committee. >> i'm accountable to you for fixing these problems, and i'm committed to earning your confidence back. >> in just a few minutes, the president is making a campaign trail-like speech for obama care. >> before affordable care act, these bad apple insurers had free reign every single year to limit the care you receive order use minor preexisting conditions to jack up your premium. >> all i'm after right now is keeping my plan, paying the rates that i have. >> all right, now, let's look at the latest obama care news just breaking today. first, democratic senator max baucus took another swipe at the health care law, comparing it to humpty-dumpty. more importantly, he says he would now consider supporting a delay of the tax penalties in the law's individual mandate. second, obama care suffered a loss in court today. the d.c. federal peers court struck down the birth control mandate in the law. the case is now expected to go to the supreme court. and this is the number, the number that sti
priority is you. go to usps.comĀ® and tr today. >>> secretary of health and human services kathleen sebelius said this week that president obama did not know about the healthcare.gov's technical problems until after the launch, in a statement she delivered from under the bus. >> yes, when "saturday night live" makes your signature legislation a weekly punch line, that's never a good thing. and it could get worse as congress prepares to hold hearings tomorrow on the troubled rollout. bertha coombs with the latest on the as obama care turns saga. >> feels like a soap ra, doesn't it? house officials are holding daily briefings on healthcare.gov but short on details. the federal data system was down much of sunday due to an outage provided by verizon's unit. it affected all of the states as well. now, on the conference call today, spokespersons for cms didn't say what caused the verizon server fail you're or how they're prooevening it from happening again. we don't know if it happened because of one of the fixes that tripped it up. last week testifying before congress, the contractor who built t
working for the first two days. the documents are unofficial. earlier this week, kathleen sebelius told congress she won't release official numbers until mid november. sebelius won't be back on capitol hill next thursday testifying before the senate finance committee. and washington will be receiving help from silicone valley as several top tech and internet companies including oracle, google and red hat will be joining the government's efforts to try and fix the problems with healthcare.gov. the site has suffered outages in the last week. those individuals will helped they are expertise in website reliability, stability and scaleability. and, ross, they certainly need that right now. >> yeah, they certainly do. mary, another story, it's kind of health care related. i know you've run the new york marathon. it didn't happen last year because of superstorm sandy. it's back on again this weekend. i know an awful lot of brits who go over and run this. how big is this going to be, bearing in mind the cancellation next year? >> well, you know, it's interesting. the number of participants are
services secretary tommy thompson will weigh in on kathleen sebelius and the issue of the health care act. and coming up, jeff and robert are joining forces, launching the double-line schiller fund and we'll be speaking to both of them exclusively. "squawk on the street" will be right back. tdd#: 1-800-345-2550 trading inspires your life. tdd#: 1-800-345-2550 life inspires your trading. tdd#: 1-800-345-2550 where others see fads... tdd#: 1-800-345-2550 ...you see opportunities. tdd#: 1-800-345-2550 at schwab, we're here to help tdd#: 1-800-345-2550 turn inspiration into action. tdd#: 1-800-345-2550 we have intuitive platforms tdd#: 1-800-345-2550 to help you discover what's trending. tdd#: 1-800-345-2550 and seasoned market experts to help sharpen your instincts. tdd#: 1-800-345-2550 so you can take charge tdd#: 1-800-345-2550 of your trading. because what you dont know can hurt you.urance, what if you didn't know that it's smart to replace washing-machine hoses every five years? what if you didn't know that you might need extra coverage for more expensive items? and what if you didn't kn
of different places. is kathleen sebelius ultimately in charge? >> not really. she doesn't seem to. now it's jeffrey zions who is sort of the hedman at the white house to get the thing running again. sebelius doesn't have all of the answers on the technical side. i don't know the extent to which she knows what's going wrong on the technical side. you're right, there was no one contractor in charge of making sure this was fully operational by day one. >> you can't penalize someone if they can't -- >> they can't buy it, right. >> they have to delay this. >> you have senate democrats who are running for re-election, you know, mary landru, mark prior, folks who are in stuff red states saying let's delay this. the white house is terrified of delay. they think it undermines the entire thing. it will start falling apart if they delay. you're absolutely right. how do you require somebody to buy something -- you wouldn't require somebody to buy a book on amazon if they -- >> is this a good headline or bad headline. >> obama unaware. >> it's a terrible headline. every time there's a problem in the a
monitoring that. we're ramping up to khathleen sebelius's remarks tomorrow. >> tavenner admits it has not lived up to the expectations of american and blames a subset of contracts that have not met expectations. contractors blamed cms for not integrating the system and making changes. she does defend the act and says the weighted average premium is 16% below the premium implied by the congressional budget office initially when they talked about premiums on the plan. she doesn't aggress the concerns that are raising now about premiums going up in the individual market for those -- particularly those that do not qualify for subsidies. she says, in fact, in her conclusions they have delivered on their product quality, affordable insurance. a lot of the questions today will be what did you know, when did you know it with regard to the flaws on healthcare.gov but no doubt there will be questions as well with regard to premium prices and how they're impacting individuals in the individual market. guys, back to you. >> all right, bertha. we know you'll be on top of it. thank you for that. ou
insurance plan. the president had to go out and defend sebelius and alexander this week. they're circling the wagones and trying to defend themselves. >> and holding off hoping by november 30th they fix this by then, right? >> they have set themselves up. and that's a really good point, becky, because they have set themselves up for another deadline, another countdown clock dynamic where they promise this will be fixed by the end of november. if it isn't, it will be another failure and a lot of people wonder why they would set a hard and fast deadline date like that with an unknown -- >> because if you don't have it fixed by november 30th, then you have a much bigger problem. if people don't have a month to shop for these things. that doesn't change for people whose insurance was canceled. >> a interview an insurance company yesterday that said his firm had to kick 43,000 people off their plan because they weren't comply kwansant with obama care. he says he has no idea how many of those 40,000 will be able to navigate the website and get new insurance before the end of the year. >> about
. it shouldn't take a full day. >> did you see "saturday night live" the woman who did kathleen sebelius and she was so proud they had three likes on facebook for the website. dan, one of the other things that i think a lot of people are finding is that there's sticker shock here. not only did washington state, we found out last week, have to tell people that the subsidies they thought they were going to get were miscalculated, they were going to pay more, but as people go into these programs, they are finding that because some of these insurance plans cover more, they cost more than the plans you might have been getting before? >> yeah. eye opening for a lot of people. if you just listen to the rhetoric out of the administration you would think it's not going to cost you a lec of a lot of money and the federal data hub issued this week compounded that. people aren't aware of how much offsets they can get but a lot of people will pay more or pay something they weren't obligated to pay before hand. they will be surprised. >> $100 a month or $50 for a lot of people, that is a -- >> sure. >
insurance plans because of obama care. this comes as more people call for hhs secretary kathleen sebelius to step down over this, but i say it's way over time to hold president obama accountable. the buck stops there. he ought to show some back bone and not just blame his underlings. and there's talk about the
sebelius, when was the last time you heard of a man giving birth? why are we forcing men to take on prenatal and pregnancy coverage? they don't need it and they don't want to pay this extra. >> lots of people don't think they need anything. the trouble is, and i believe in community rating which is what we did here 20 years ago. what that means is we're all in this together. i think that's what the affordable care act does. you had aetna, for example, that in three periods cut 350,000 people off their health insurance because they were sick. yeah. you could say i agree, these were all legal. now they're not legal anymore. what the president has done with the affordable care act is tighten up insurance standards so those kinds of things don't happen to people anymore. it is true. there are a few people that will pay more. most will not, though. people whose bills go from $200 to $600, either they can afford them or they're going to get tax subsidies and they're not going to have to pay that much. >> what about joe's contention we're oversimplifying this thing about insurance compa
under way at 10 a.m. on wednesday kathleen sebelius will be back as well, testifying before the finance committee. back to you. >> bertha, thank you so much. the obama administration set a target of 7 million people to sign up for the new health care plan by march 1 st of next year. that's 39,000 each day. the exact number of enrollees is not public but early estimates show enrollment falling short right now. joining us right now with their take, doug holtz, former director of the economic budget action and michael mandell, economic strategist for progressive policy institute. thank you for joining us. doug, kick us off. what do you think the impact of health care overall will be if the enrollment in exchanges falls short, which seems to be what we're seeing? >> well, this is a big problem for the obama care rollout. no question. you need the young invincibles. a group traditionally has not boughten some insurance. in polling we did earlier, 45% of them said they would not buy insurance if they saw premiums go up by as much as 30%. we're seeing much bigge
sebelius, you see her there, she goes in front of the senate finance committee on wednesday. they were just up on the hill last week on the house side, karen. this is probably ease -- these hearings probably aren't going to stop. there are a number of committees looking into this. >> do you think the obama administration can use obama care at some point to become a public -- a positive public relations exercise? >> well, it just depends. they really need to get a lot of people in. if you start getting people in who can find insurance and they feel good about the affordability of it, certainly then that becomes a testament, but at the moment they really have really big hurdles to overcome with this main way for people to sign up in some 36 states. just yesterday on the sunday shows obama administration was kind of, you know, talking down some expectations on enrollment numbers. one of the white house advisors yesterday saying i can promise you the numbers are going to be low when they finally do start reporting them later this month. >> bertha, thank you very much for the update there. >>> h
's what sebelius said. >> mid november, i'd do -- >> jan 1? >> yeah. mid 2015 and see what happens. >>> we have other news, president obama has reportly ordered the nsa to stop eavesdropping on joe kernen. no, stop eaves dropping on the headquarters of the imf and world bank. the order is said to be the latest move, of course, by the white house to demonstrate its willingness to curb at least some surveillance in the wake of weeks by former nsa contractor edward snowden. >>> a number of comments about janet yellen starting to come from the senate. richard shelby says he would oppose efforts to block her nomination with a filibuster unless some disturbing disclosure emerge. his comments come after senator rand paul said he instead to withhold her nomination. and senator lindsay graham has vowed an effort to block white house nominees until the obama administration comes forward with more information about benghazi. shelby's comments are important because democrats would need to pick up only five republicans vote to clear procedural hurdles and bring yellen's nomination to a full senate vote
Search Results 0 to 25 of about 26 (some duplicates have been removed)

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